Sherwin-Williams Declares Dividend; Approves Majority Voting Proposal to Shareholders

CLEVELAND, OHIO, October 18, 2012 – The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $0.39 per common share, payable on November 30, 2012, to shareholders of record on November 16, 2012.

In addition, the Board of Directors voted today to submit a proposal to shareholders to adopt a majority voting standard for the election of directors at Sherwin-Williams’ 2013 Annual Meeting of Shareholders.

Shareholders will be asked to vote on an amendment to Sherwin-Williams’ Amended Articles of Incorporation that would implement a majority voting standard for uncontested elections of directors in place of plurality voting.  A plurality voting standard would continue to apply in contested elections of directors.
 
If Sherwin-Williams’ shareholders approve the proposal, the Board would also amend its Corporate Governance Guidelines to conform its director resignation policy to the majority voting standard so that a holdover incumbent director who did not receive the requisite majority vote would be required to tender his or her resignation to the Board.

Investor Relations Contact

Bob Wells, Senior Vice President, Corporate Communications and Public Affairs, Sherwin-Williams Direct: 216.566.2244, rjwells@sherwin.com

Media Contact

Mike Conway, Director, Corporate Communications, Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751, mike.conway@sherwin.com